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Isaac Baley (UPF)
10 octobre 2018, Banque de France
We develop a new framework to analyze the aggregate implications of lumpiness in microeconomic adjustment, which is pervasive in many economic environments. We derive structural relationships between the steady state moments and the business cycle dynamics of lumpy economies, and we show how to...
Juuso Välimäki (Aalto University)
Toulouse : TSE, 9 octobre 2018, 11h00–12h30, salle MS 001
We analyze all-pay auctions with affiliated values and binary signals. We analyze the unique symmetric equilibrium with any number of bidders and show that the bidders earn positive rents only if the equilibrium is monotone. We also characterize the symmetric equilibrium of the closely related two-...
David de La Croix (Université catholique de Louvain)
TSE, 8 octobre 2018, 17h00–18h30, salle MF 323
Nikhil Agarwal (Massachusetts Institute of Technology)
TSE, 8 octobre 2018, 14h00–15h30, salle MS001
A transplant can improve a patient’s life while saving several hundreds of thousands of dollars in healthcare expenditures. Organs from deceased donors, like many other scarce public resources (e.g. public housing, child-care, publicly funded long-term care), are rationed via a sequential offer...
Julien Hugonnier (Swiss Finance Institute)
TSE, 8 octobre 2018, 12h30–14h00, salle MF 323
We extend Duffie, Gˆarleanu, and Pedersen’s (2005) search-theoretic model of over-the-counter asset markets, allowing for a decentralized inter-dealer market with arbitrary heterogeneity in dealers’ valuations or inventory costs. We develop a solution technique that makes the model fully tractable...
Christian Gollier (Toulouse School of Economics)
Toulouse : TSE, 8 octobre 2018, 11h00–12h15, salle MS 003
When an intertemporal carbon budget is imposed to fight climate change, abating emissions earlier has a social rate of return that is equal to the growth rate of the marginal abatement cost, i.e., of the carbon price. I use a normative version of asset pricing theory to determine the efficient...
Jacob Weisdorf (University of Southern Denmark)
Toulouse : IAST, 5 octobre 2018, 11h30–12h30, salle MF 323
This talk presents the findings of my research over the past decade on the interaction between demography and economics before and during England’s Industrial Revolution. Reflecting on the findings, the talk entertains the idea that rising male and female incomes in the run up to the Industrial...
Marc Lebourges (Orange)
Toulouse : TSE, 4 octobre 2018, 17h00–18h30, salle MS 001
Platforms are very large firms the size, financial power and influence are without precedent, developing a two-sided platform business model, generating concentration and sustainable domination. They provide efficient intermediation, always extending their perimeter by integrating innovation. But...
Julien Monardo (ENSAE)
TSE, 4 octobre 2018, 14h00–15h30, salle MS 003
We develop a class of demand models for differentiated products based on the concept of entropy. The new models facilitate the BLP method (Berry et al., 1995) by avoiding numerical inversion of the demand system. They accommodate rich patterns of substitution and complementarity while being easily...
Erwan Le Pennec (Ecole Polytechnique de Paris-Saclay)
Toulouse : TSE, 4 octobre 2018, 11h00–12h15, salle MS 003
À la demande des obstétriciens de l'hopital Necker spécialisé dans les maladies rares, nous travaillons depuis deux ans sur un outil d'aide au diagnostic prénatal échographique permettant de transférer les connaissances d'experts. La difficulté du problème est double d'une part l'espace des...